We offer the following forms of financing of our motor vehicles:
In-house finance with NO credit check and a good down payment with short term financing.
Financing through your bank or Credit Union.
This form of finance is funded by Cars Under $4,000 LLC “in-house” with no outside sourcing. We are the Bank, we make the decisions and handle all of the process and administer the accounts including receipt of payments and monthly statements. Generally the down payment is 50%, with NO credit check and payments ranging from 6 months to 24 months. However, we can offer lower down payments at our discretion.
OUTSIDE FINANCING OOUTSIDE
Using a finance corporation allows more flexible terms, including variable rate financing with longer terms and lower down payments, much of which is dependent on the individual’s credit score. This form of finance is organized initially by us, but is paid and administered through United Auto Credit directly. Approval of this finance is made by U.A.C Corporation.
BANK OR CREDIT UNION FINANCE.
This is a simple form of finance based on your relationship with the bank that you bank with. Usually these banks and credit unions will require a credit check, but have some flexibility depending on your record with them. A completed buyers order is all you will need from us to initiate the process with your banking institution. Once approved they will fax or send us drafting instructions, which enables us to complete the deal.
EXAMPLES OF IN-HOUSE FINANCE.
Price at $4,995 -- $2,500 down 12 monthly payments of $288 (includes tax, title, & license fees)
Price at $5,995 -- $3,000 down 14 monthly payments of $298 (includes tax, title, & license fees)
Price at $6,995 -- $3,500 down 16 monthly payments of $308 (includes tax, title & license fees)